UK Announces New Funding to Support Quantum Technology Commercialisation

Insider Brief

• The UK government and UKRI have announced new funding and initiatives to accelerate quantum technology commercialisation, adoption and workforce development.
• The announcements include £138 million for quantum sensing procurement, £12 million for a national quantum commercialisation skills centre and £35 million for quantum networking testbeds.
• A UKRI impact report found that £300 million in public investment between 2014 and 2024 helped create more than 2,000 skilled jobs, support 74 spinout companies and attract £482 million in private investment.

PRESS RELEASE — New steps to help accelerate the adoption, commercialisation, and talent pipeline for UK Quantum will kickstart a major event demonstrating Britain’s global leadership in the technology being held in London today (Friday 6^th November).

Run by Innovate UK, part of UKRI, the UK’s National Quantum Technologies Showcase is set to be the one of biggest global quantum conferences to date with over 3,500 attendees.

Founders, investors, customers, researchers and industry leaders from around the world head to the capital to demonstrate the latest Quantum technologies, build new partnerships, and unlock new commercial opportunities.